SYSCO CORP (SYY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SYY - US8718291078 - Common Stock
We assign a technical rating of 0 out of 10 to SYY. SYY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SYY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 74.54, a Stop Loss order could be placed below this zone.
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69.05
We found 2 important support areas.
- A support zone ranging from 72.83 to 74.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 69.75 to 71.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 75.32 to 75.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.59 to 83.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SYY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SYY is down. |
| ChartMill Relative Strength | 26.51 | NEGATIVE | SYY has a low relative strength, it was outperformed by 73.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SYY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.87 | NEUTRAL | The RSI value for SYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.14 | NEUTRAL | The Stochastics value for SYY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for SYY suggests low volalility. |
| Average Directional Index/ADX (14) | 19.56 | NEGATIVE | The low ADX value for SYY suggests a weak or negative trend. |
74.58
+0.09 (+0.12%)
SYSCO CORP / SYY FAQ
What is the ChartMill technical rating of SYSCO CORP (SYY) stock?
ChartMill assigns a technical rating of 0 / 10 to SYY.
Can you provide the trend direction for SYSCO CORP?
The current trend direction for SYSCO CORP (SYY) is Bearish.
What is the RSI signal for SYY stock?
SYSCO CORP (SYY) has an RSI value of 47.8663. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SYSCO CORP?
The short term momentum for SYSCO CORP (SYY) is negative.
What is the support and resistance level for SYY stock?
SYSCO CORP (SYY) has a support level at 74.54 and a resistance level at 75.32. Check the full technical report for our detailed analysis of SYY support and resistance levels.